DoT Likely to Shelve BSNL's VRS Proposal Amid Union Protests
Financial Express Kolkata|January 03, 2025
AFTER UPROAR FROM the employees' unions, the department of telecommunications (DoT) has likely put the second voluntary retirement scheme (VRS) proposal for BSNL on hold, officials said.
JATIN GROVER

The telecom department will hold further consultations internally and is also expected to loop in Boston Consulting Group (BCG) before going ahead with the proposal. Notably, BCG is being paid ₹132 crore, to draw a revival plan for BSNL and help it to compete with private players.

Last week, the BSNL management had approved the proposal for a second VRS scheme for BSNL. Upon implementation, the VRS scheme would have led to reduction in at least 35% of its workforce of over 56,000 executives and non-executive employees. The same would have led to an outgo of ₹15,000 crore for the government.

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SC Refuses to Hear Plea on Cancellation of BPSC Exam

THE SUPREME COURT on Tuesday refused to entertain a plea seeking the cancellation of the 70th Combined Competitive Exams (preliminary) conducted by the Bihar Public Services Commission (BPSC) on the grounds of an alleged paper leak and told the petitioner that he should have first approached the Patna High Court.

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1 min  |
January 08, 2025
Financial Express Kolkata

Delhi Votes on Feb 5

● Bypolls in Milkipur in UP & Erode in TN are also scheduled

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2 mins  |
January 08, 2025
Financial Express Kolkata

Mandi prices of pulses near MSP

MANDI PRICES OF several varieties of pulses — tur, urad and moong — are ruling close to the minimum support price (MSP) due to the arrival of kharif harvest and robust imports, trade sources said.

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1 min  |
January 08, 2025
Financial Express Kolkata

Fintech Firms Need to Boost Digital Payment Infra: Nagaraju

NOTING THAT THE digital payment infrastructure plays a crucial role in the fintech industry's expansion, financial services secretary M Nagaraju on Tuesday said fintech firms need to improve digital payment systems in rural regions and encourage lending based on digital footprints for micro, small and medium enterprises (MSMEs).

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1 min  |
January 08, 2025
Financial Express Kolkata

NSDC starts pan-India survey to identify gaps in skill initiatives

TO DESIGN GOVERNMENT schemes better and to aid organisations in mapping the demand-supply gap of skilled manpower, the National Skill Development Corporation (NSDC) has begun a pan-India survey with consumer intelligence firm Axis My India.

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1 min  |
January 08, 2025
Financial Express Kolkata

10 mn farmers get digital IDs linked to land records

To develop a database of farmers which is linked to their land records, the agriculture ministry, in collaboration with states, has provided digital IDs to 10 million farmers across 10 states as on Tuesday, according to a senior official.

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1 min  |
January 08, 2025
Financial Express Kolkata

Petroleum product exports rise 3%

INDIA'S EXPORTS OF petroleum products in December increased by 3.1% to 1.37 million barrels per day against 1.33 million barrels per day in the corresponding period of 2023-24, according to data from energy cargo tracking firm Vortexa.

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1 min  |
January 08, 2025
Financial Express Kolkata

Economists Say Consumption Growth Estimate Optimistic

● Slack in urban demand persisting

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2 mins  |
January 08, 2025
Financial Express Kolkata

New safety features for heavy vehicles soon

● Minister says need to consider limiting drivers' working hours

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2 mins  |
January 08, 2025
Financial Express Kolkata

ICC explores two-tier Test cricket system

ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points

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1 min  |
January 07, 2025